Swedish Match AB (publ) (OTCMKTS:SWMAY) Cut to “Hold” at Societe Generale

Societe Generale downgraded shares of Swedish Match AB (publ) (OTCMKTS:SWMAYGet Rating) from a buy rating to a hold rating in a research note published on Friday, The Fly reports.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Swedish Match AB (publ) from a sell rating to a hold rating in a research note on Thursday, March 17th. Barclays lifted their price target on Swedish Match AB (publ) from SEK 88 to SEK 125 and gave the company an overweight rating in a research note on Thursday. UBS Group dropped their price target on Swedish Match AB (publ) from SEK 95 to SEK 92 and set a buy rating on the stock in a research note on Tuesday, March 29th. Credit Suisse Group lifted their price target on Swedish Match AB (publ) from SEK 78 to SEK 88 and gave the company an outperform rating in a research note on Tuesday, April 12th. Finally, JPMorgan Chase & Co. raised Swedish Match AB (publ) from an underweight rating to a neutral rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Swedish Match AB (publ) currently has a consensus rating of Hold and an average price target of $75.95.

Shares of Swedish Match AB (publ) stock opened at $9.97 on Friday. The company has a market capitalization of $15.75 billion, a PE ratio of 22.66 and a beta of 0.55. Swedish Match AB has a 12 month low of $6.00 and a 12 month high of $10.35. The stock’s fifty day simple moving average is $7.88 and its 200 day simple moving average is $7.78.

Swedish Match AB (publ) (OTCMKTS:SWMAYGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Swedish Match AB (publ) had a negative return on equity of 88.71% and a net margin of 33.67%. The business had revenue of $536.53 million for the quarter, compared to the consensus estimate of $525.03 million. Equities research analysts predict that Swedish Match AB will post 0.43 EPS for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Thursday, May 19th. Stockholders of record on Friday, April 29th will be issued a dividend of $0.0663 per share. This represents a dividend yield of 0.81%. The ex-dividend date is Thursday, April 28th. Swedish Match AB (publ)’s dividend payout ratio is presently 15.91%.

About Swedish Match AB (publ) (Get Rating)

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally. The company operates through Smokefree, Cigars, and Lights segments. It provides snus and pouch products, nicotine pouches, nicotine free products, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, G.3, The Lab, Nick & Johnny, Thunder, VOLT, Swave, ZYN, G.4, Onico, Qvitt, Longhorn, and Timber Wolf brand names.

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